on The Vanguard Group, Inc. (isin : US12572Q1058)
The Vanguard Group, Inc. Discloses Stake in Virgin Money UK plc
The Vanguard Group, Inc. has disclosed a significant shareholding in Virgin Money UK plc, revealing a 5.65% stake through ownership of 73,171,950 relevant securities. This position was declared as per the requirements under Rule 8.3 of the Takeover Code, indicating the firm's interests represent more than 1% of Virgin Money's shares. The disclosure marked a clear statement of The Vanguard Group's investment in the UK banking sector, dated 19 March 2024.
Additionally, detailed dealings included the purchase of 33,444 ordinary shares at 2.09 GBP and 19,520 CDI (CHESS Depositary Interests) at 4.05 AUD, further cementing The Vanguard Group's hold. This strategic positioning by one of the world's leading investment firms underscores its confidence in Virgin Money UK plc's market potential and financial health. The disclosure did not report any open stock-settled derivatives or rights to subscribe for new securities, indicating a straightforward equity holding by The Vanguard Group.
R. E.
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